Attitudes of CPAs and financial executives toward harmoniztion of international accounting standards: An analytical and empirical examination

Does foreign investor demand for information affect forecast accuracy? Evidence from the Chinese stock markets

“…To simplify the discussion, I do not depict a potential upward shift in the supply curve for providing information to foreign investors. 20 Prior international accounting literature presents comprehensive modeling of similar frameworks (e.g., Barniv & Fetyko, 1999).…”

Mandatory International Financial Reporting Standards Support among Trading Companies in Los Angeles: An Analysis

“…Only about 49% of ISSN 2162-4860 2015 company executives are interest in a switch to IFRS (Chasen, 2010;Half, 2009). Identifying the causes of reluctance in the adoption of IFRS among corporations has become crucial at this point as the clock ticks closer to 2015, and as there is a looming uncertainty that adoption might not happen because many of the adoption benchmarks have not been met (Asongu, 2008;Barniv & Fetykov, 1997;Chasen, 2010;Haina, 2008;Half, 2009). The uncertainty about IFRS adoption has given rise to the crucial need for a study of the obstacle adoption and the factors in favoring adoption as perceived advantages and perceived obstacles.…”

“…The problem is that contrary to expectation, the United States unlike many advanced nations in the world is yet to adopt International Financial Reporting Standards (IFRS). It seems unlikely that the United States will not adopt the International Financial Reporting Standards in 2015 (Asongu, 2008;Barniv & Fetykov, 1997). However, the doubt still lingers that the 2015 goal might not be met because of two reasons.…”

“…First, the benchmarks for adoption set by Security and Exchange Commission (SEC) are yet to be met, the benchmarks are part of the goals carried forward from 2011. Second, there is an apparent reluctance among US executives about IFRS transition moves, and half of them are not in support of IFRS (Barniv & Fetykov, 1997;Chasen, 2010). Delays and postponement have shrouded the move to mandatory adoption in the United States, and consequently many firms do not see the possibility nor take it seriously, especially small firms.…”

“…There is great concern about the level of awareness on the advantages, disadvantages, obstacles, and most importantly the preparedness for IFRS (Deloitte , 2011;Deloitte, 2008;Lejeune, 2010). Many studies (Barniv & Fetykov, 1997;Choi & Meek, 2008;Daske, Hail, Leuz, & Verdi, 2008) have followed the IFRS issue, but few systematically and analytically examined the forces for and against mandatory adoption, in a way that provides facts about the IFRS adoption possibility or probability, which is essential for prompt decision-making and preparation by many Business and Economic Research ISSN 2162-4860 2015 companies.…”